Don’t co-sign for a friend or relative with questionable financial habits.

It may happen that you are doing all of the above and find yourself behind on your bills. The best thing to do is call your creditors before you get in too deep. Most creditors will work with you if circumstances such as losing your job, divorce, illness, or such have made it temporarily difficult for you to meet your financial obligations.

Suggest a temporary reduction in your payment, a waiver of late fees or penalties, skipping several payments now and increasing future payments to make up for it, or skipping several payments and adding them to the end of the loan. There is also credit counseling services to help negotiate with creditors, but make sure the business is legitimate and reputable.

You can also do a money search. It is known that 9 out of 10 Americans have unclaimed property. There could be money you are unaware of like an inheritance or savings bond that is now turned over to the state. You have wealth to gain. It is reported that unclaimed money is in excess of $25 Billion dollars.

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